Grocery retailers under pressure with the Amazon-Whole Foods deal

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26 July 2017 à 14h30

Updated on 10 May 2019 à 17h42

Reading time

2 minutes

Publication: 26 July 2017 à 14h30, Updated on 10 May 2019 à 17h42

Reading time: 2 minutes

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Publication

26 July 2017 à 14h30

Updated on 10 May 2019 à 17h42

Reading time

2 minutes

Publication: 26 July 2017 à 14h30, Updated on 10 May 2019 à 17h42

Reading time: 2 minutes

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According to analysts, Amazon is likely take over Whole Foods Market (sales of US$16 billion in 2016 via 477 stores) despite six others potential suitors having made rival offers since April 2017. These include Albertsons supermarkets and four private-equity firms.

Indeed, in mid-June 2017, Whole Foods (455 U.S. stores, 13 in Canada and 9 in the U.K.) finally accepted Amazon’s final offer at US$42/share or US$13.7 billion for the whole company. By going public, Whole Foods were concerned...

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